If a firm is producing as efficiently as it knows how,then how will the total cost function slope?
A)Upward
B)Downward
C)No Slope
D)Downward until an output threshold value,then upward
E)Upward until an output threshold value,then downward

Name: If a firm is producing as efficiently as it knows how,then how will the total cost function slope? A)Upward B)Downward C)No Slope D)Downward until an output threshold value,then upward E)Upward until an output threshold value,then downward
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Question

Quizplus · Accepted Answer

The Answer is A

If a Firm Is Producing as Efficiently as It Knows